The Bank of Industry (BOI) says it secured $5 billion from various international financial institutions in the last five years to boost industrial development in Nigeria.
Dr Olasupo Olusi, Managing Director of BOI, disclosed this recently at the AADFI-AFFIAP CEO Forum in Abuja.
According to him, Nigeria is very active in resourcing climate-friendly funds to expand green finance in the country.
He noted that BOI secured 100 million Euros from the French Development Agency (AFD) to expand green finance in Africa’s most populous country, Nigeria.
Olusi added that BOI is committed to contributing 27 per cent of renewable power generation to the continent by 2030.
“Our project portfolio reflects a significant investment in renewable energy projects as we seek to contribute to the continental ambition of 27% of renewable power generation by 2030.
“We are very active in resourcing climate-friendly funds, including the recent credit line of 100 million Euros secured from the French Development Agency (AFD) to expand green finance in Nigeria.
“BOI has worked with our partners to raise over $5 billion from several international financial institutions in the last five years. We intend to leverage our extensive partnership to raise the resources required for building a climate-smart Nigeria,” he stated.
